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of the economy. we're experiencing asymmetric recovery. the people in the bottom are getting hammered and not getting better. >> my forecast for 2014 remains pretty close to 3%. i think that's where we'll be next year. that's a pretty healthy pace of growth. it's not booming by any stretch of the imagination, but it's a pretty healthy pace. what happens on a quarter to quarter basis? it's hard to predict. because they are volatile. >> if you look over the last two years, most of the expansion has been multiple expansion in the equity markets, so the equity market is looking for revenue growth on the top line basis. and if it sees growth it will make a move higher. top line growth has to drive the next wave in of price appreciation. >> you know, last night, ges ceo said that a 3% growth, a lot of the economy's problems are growth. >> he's watching right now. >> he's watching now. watching now. >> he's probably -- he's probably right. and that's -- we talked about it last night. so half of that gdp was
of the economy. we're experiencing asymmetric recovery. the people in the bottom are getting hammered and not getting better. >> my forecast for 2014 remains pretty close to 3%. i think that's where we'll be next year. that's a pretty healthy pace of growth. it's not booming by any stretch of the imagination, but it's a pretty healthy pace. what happens on a quarter to quarter basis? it's hard to predict. because they are volatile. >> if you look over the last two years, most of the...
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economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those who said that we should not have any dealings with south africa as long as apartheid was still in place. >> the people for sanctions were on the right side of history because it really did weaken the regime and probably brought them to the bargaining table much quicker. >> in your article, you noted south africa's economic and clinical aspects were intertwined. how so? how did he help to narrow that defined? had growth rates under 1% during the entire apartheid regime. from the time he was a like did unti
economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those...
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it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with michael. i think the numbers have been improving all week nothing but good numbers here and starting out with the key 3 gdp, inventory bills. >> strengthening. record auto sales in november, the jobs numbers are very good here today, housing retail, everything looks good and we've been saying all along we think we're going to be tapering into strength and the market is going to see through that. i think we're using 120 next year for s&p earnings, still high relative to the street, but i think people are starting to see that as a real possibility and stocks are trading at 15 times next year relative to everything else you have
it demonstrates the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with...
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economy. they're 70% of g.d.p. isstronger employment news good. >> do you think that this is going to stick? theory?d is good >> good is good whether it sticks in market is to be seen. we've seen a pickup between stock and bond correlation. earlier in the year we were moving up on stronger trend assumptions. the treasury market was selling off. and stocks could sail through it. recently we have seen a correlation pick up where markets seem to be being fueled expectations and the hope for easy money. so i think you have to look at the week as a whole. up stock market did not go much this week. we had great news all through the week on the macro economic front. not as convincing as other data points like the third quarter g.d.p. >> 3.6 growth isn't convincing? that sounds good. >> the piece that was inventory contribution. very happy with the way the economy is proceeding. i expect it to accelerate from 2% closer to 3% in the coming year. that's negative for treasuries. stocks.itive for but we've got to shake off thi
economy. they're 70% of g.d.p. isstronger employment news good. >> do you think that this is going to stick? theory?d is good >> good is good whether it sticks in market is to be seen. we've seen a pickup between stock and bond correlation. earlier in the year we were moving up on stronger trend assumptions. the treasury market was selling off. and stocks could sail through it. recently we have seen a correlation pick up where markets seem to be being fueled expectations and the...
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economy? >> no. the coal names -- i'll tell you what i look at, kelly, year end, when i see credit default swaps in certain names like peabody, havnanian outperforming the equity, those are names i'm positive on. it's a good sign going into year end. >> larry, thanks so much. thanks, everybody. we'll keep the panel around. tim seymour has to run. can you catch him on "fast money" at 5 p.m. >>> much more today on the power packed rally. we'll get the view from the floors of the nasdaq. domino's ceo weighing in on today's jobs report and how they're on the hiring front and what he has to say about the minimum wage debated and drones delivering pizza to your doorstep. before global opportunities were part of their investment strategy... before they funded scholarships to the schools that gave them scholarships... before they planned for their parents' future needs and their son's future... they chose a partner to help manage their wealth, one whose insights, solutions and approach have been relied on fo
economy? >> no. the coal names -- i'll tell you what i look at, kelly, year end, when i see credit default swaps in certain names like peabody, havnanian outperforming the equity, those are names i'm positive on. it's a good sign going into year end. >> larry, thanks so much. thanks, everybody. we'll keep the panel around. tim seymour has to run. can you catch him on "fast money" at 5 p.m. >>> much more today on the power packed rally. we'll get the view from the...
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economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. >>> we do have a winner. this month's winner nailed the number on the head, a guess of 203,000. joining us this morning, brad kinegie joins us on the cnbc news line. congratulations. good to have you with us. >> thank you very much. >> part of it is getting the number right, whi
economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover...
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we could be in for a very strong open here on wall street because the economy added a better-than-expected 203,000 jobs last month. wall street was expecting 180,000. the unemployment rate fell to 7% from 7.3%. that is better than expected. and that report may convince the fed to finally scale back its stimulus program. not necessarily something wall street wants to see happen. nevertheless, stock futures are reacting. they are pointing to a higher open. yesterday the dow fell for the fifth straight day down 68 points and the nasdaq slipped 4. los angeles is suing wells fargo and citigroup for mortgage discrimination. l.a.'s attorney general claims the bank's practices led to a wave of foreclosures in black and hispanic neighborhoods driving down property values and costing the city hundreds of millions in tax dollars. it's also more expensive to finance a home this week. according to freddie mac, the average rate on a 30-year fixed loan jumped to 4.46% from 4.29% last week. the rate on a 15-year loan increased to 3.47%. well, brace yourself because milk prices could double next year to $7
we could be in for a very strong open here on wall street because the economy added a better-than-expected 203,000 jobs last month. wall street was expecting 180,000. the unemployment rate fell to 7% from 7.3%. that is better than expected. and that report may convince the fed to finally scale back its stimulus program. not necessarily something wall street wants to see happen. nevertheless, stock futures are reacting. they are pointing to a higher open. yesterday the dow fell for the fifth...
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the economy has not generate an average of two and a 4000 jobs from august through november. that is up from 159,000 a month from april through july. 159,000 a month from april through[ female announcer ] we give you relf from your cold symptoms you give them the giggle tylenol cold® helps relie your worst cold and flu symptoms but for everything we do, we know you do so much more tylenol cold®. you may be muddlg through allergies. try zyrtec-d® powerful relief of nasal congestn and other allergy symptoms- all in one pl. zyrtec-d®. at the pharmacy counte and other allergy symptoms- all in one pl. like the enticing aroma and distinctive taste of nespresso. elegant capsules meet masterfully crafted machines, and one touch creates the perfect coffee, cappuccino, and latte. ♪ tempt all your senses with one extraordinary coffee. [ penélope cruz ] nespresso. what else? [ male announcer ] discover the world of nespresso on grant avenue and nespresso-us.com. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it'
the economy has not generate an average of two and a 4000 jobs from august through november. that is up from 159,000 a month from april through july. 159,000 a month from april through[ female announcer ] we give you relf from your cold symptoms you give them the giggle tylenol cold® helps relie your worst cold and flu symptoms but for everything we do, we know you do so much more tylenol cold®. you may be muddlg through allergies. try zyrtec-d® powerful relief of nasal congestn and other...
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economy created about 200,000 jobs a month. it appears that hiring is problem is finally starting to >>darya: apple has come up with a way to located wild youe inside one of its stores. starting today, the company will begin using high--i- beacon, an act that sent two messages tailored to where you are inside the store. in this tracking at could expand. for example, commuters like information on a subway delays as they stand on the platform while museum visitors might give details on the painting their standing in front of. of course, this raises privacy concerns, although many shoppers have shown a willingness to be tracked for discounts. >>james: microsoft says it will beef up security to prevent government snooping according to the washington post, the u.s. national security agency was intercepting traffic inside kugels and yahoos private networks. --google's. and microsoft fears that the nsa may have broken into their global communications as well. microsoft plans to encrypt data flowing through all of its communication, pr
economy created about 200,000 jobs a month. it appears that hiring is problem is finally starting to >>darya: apple has come up with a way to located wild youe inside one of its stores. starting today, the company will begin using high--i- beacon, an act that sent two messages tailored to where you are inside the store. in this tracking at could expand. for example, commuters like information on a subway delays as they stand on the platform while museum visitors might give details on the...
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that's good news overall for the economy. could push the fed towards tapering its bond issues sooner than some people may like but this is good news all the way around. let's look at the market. it is reacting in a positive fashion today. the dow is up 127 points. nasdaq is gaining 27. s&p up by 14. >>> brooks, we thank you. have a great weekend. >>> he practiced. >> i wrote it down. 6:45. let's check the roads. >> reporter: in a quick note we have police activity in san jose around almaden and san carlos. streets are blocked in the area. we are trying to figure out what's going on. heads up if you are traveling in the area. let's go outside. here's a live look over at the bay bridge toll plaza. the metering lights were turned on later than typical. so a lot of folks may be taking today off. you will notice if you look closely some flashing lights around the middle of the screen, there is a multicar accident. it sounds like a smaller fender- bender minor injuries. but it is in agore point. traffic is so light no major delays
that's good news overall for the economy. could push the fed towards tapering its bond issues sooner than some people may like but this is good news all the way around. let's look at the market. it is reacting in a positive fashion today. the dow is up 127 points. nasdaq is gaining 27. s&p up by 14. >>> brooks, we thank you. have a great weekend. >>> he practiced. >> i wrote it down. 6:45. let's check the roads. >> reporter: in a quick note we have police...